This morning, the Senate rejected the House Republican’s “Cut, Cap and Balance” bill on a party line vote of 51 to 46. As TP Economy editor Pat Garofalo notes, this plan “would force government to make economic downturns worse, by slashing spending when the economy needs support.” While House Speaker John Boehner (R-OH) insisted that, as of now, his plan is still “Cut, Cap, and Balance,” House Minority Leader Nancy Pelosi (D-CA) told reporters today that if Boehner is “responsible,” as she believes he is, then “he can’t possibly think that his ‘cut and paste’ is — or whatever you call it — is a serious, serious measure.” Watch it: